LyondellBasell is among the top three global
polyolefin manufacturers in terms of capacity and sustainable
solutions, catering to multiple industries, including
pharmaceuticals and medical devices.
SAN ANTONIO, Aug. 10, 2023
/PRNewswire/ -- Frost & Sullivan recently researched the
medical plastics industry and based on its analysis, recognizes
LyondellBasell with the 2023 Global Company of the Year Award. The
company is a leading chemical and polymer manufacturer operating
throughout the petrochemical value chain. With nearly 100
production facilities strategically located across the Americas,
Europe, and Asia-Pacific, LyondellBasell caters to diverse
customer segments. It mainly operates in the medical plastics
industry through its Purell product line, encompassing more
than 30 grades of polyolefins (polypropylene and polyethylene). It
also emphasizes continuous product development and rollout,
extending the Purell brand's penetration for wider medical
applications.
Its all-encompassing distribution strategy augments product
visibility across geographies for various medical applications.
Additionally, its dedicated Purell Healthcare Service
Concept for medical clientele addresses all the critical regulatory
and quality requirements in the healthcare sector. This ensures a
seamless customer experience throughout the procurement process.
Among several features, the Purell Healthcare Service
Concept provides a series of benefits:
- Consistent formulations
- Customer-specific supply solutions
- Minimum 2-year notification of change
- EU/US pharmacopeia compliances
- Drug Master File (DMF) listings
In Asia, the LyondellBasell
store on a well-established Chinese eCommerce platform retails 15
products under its polyolefin business unit, including the
Purell line of products, enabling it to leverage the
increasing popularity of eCommerce platforms in the industrial
supply chains. Saurabh Ajay Todi,
senior research analyst for Frost & Sullivan's chemicals,
materials, and nutrition business unit, noted, "LyondellBasell's
strategic focus on product development considering industrial
megatrends offers it a first-mover advantage. This, together with
its vast scale of operations, positions it as a frontrunner in the
medical plastics industry."
The LyondellBasell range of recycled and renewable-based
products under the Circulenportfolio allow consumers to
enhance the sustainability of downstream products. The
Circulen brand includes among others
CirculenRevive polymers, produced using a molecular/advanced
recycling process; and CirculenRenew polymers, produced
using renewable, bio-based feedstock such as used cooking oil. Its
polybutene-1 (PB-1) provides an alternative to plasticized
polyvinyl chloride (PVC) and reflects the company's ability to
identify future trends and gain a head start when demand
increases.
"LyondellBasell's shifting focus from traditional business
concepts to circular models, rebranding its offerings and aligning
them with global megatrends position it as one of the leaders in
supplying sustainable plastics for medical applications. It works
closely with healthcare OEMs, understanding their needs and
challenges, and providing custom solutions to assist them," added
Saurabh. For its strong overall performance, LyondellBasell earns
Frost & Sullivan's 2023 Global Company of the Year Award in the
medical plastics industry.
Each year, Frost & Sullivan presents a Company of the Year
award to the organization that demonstrates excellence in terms of
growth strategy and implementation in its field. The award
recognizes a high degree of innovation with products and
technologies, and the resulting leadership in terms of customer
value and market penetration.
Frost & Sullivan Best Practices awards recognize companies
in various regional and global markets for demonstrating
outstanding achievement and superior performance in leadership,
technological innovation, customer service, and strategic product
development. Industry analysts compare market participants and
measure performance through in-depth interviews, analyses, and
extensive secondary research to identify best practices in the
industry.
About Frost & Sullivan
For six decades, Frost
& Sullivan has been world-renowned for its role in helping
investors, corporate leaders, and governments navigate economic
changes and identify disruptive technologies, Mega Trends, new
business models, and companies to action, resulting in a continuous
flow of growth opportunities to drive future success. Contact us:
Start the discussion.
Contact:
Tarini Singh
P: +91-9953764546
E: tarini.singh@frost.com
About LyondellBasell
We are LyondellBasell (NYSE: LYB)
– a leader in the global chemical industry creating solutions for
everyday sustainable living. Through advanced technology and
focused investments, we are enabling a circular and low carbon
economy. Across all we do, we aim to unlock value for our
customers, investors and society. As one of the world's largest
producers of polymers and a leader in polyolefin technologies, we
develop, manufacture and market high-quality and innovative
products for applications ranging from sustainable transportation
and food safety to clean water and quality healthcare. For more
information, please visit www.lyondellbasell.com or follow
@LyondellBasell on LinkedIn.
Photo -
https://mma.prnewswire.com/media/2182350/LyondellBasell_Award_Frost_Sullivan_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/lyondellbasell-awarded-the-2023-global-medical-plastics-company-of-the-year-by-frost--sullivan-301896763.html